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Laxman Pai, Opalesque Asia:

Global private equity and venture capital deal value surged 42.1% to $175.73 billion in the second quarter from $123.65 billion for the same period in 2023 as investors began deploying more capital after accumulating record-high dry powder, said a study.

According to S&P Global Market Intelligence data, the number of deals declined 7.4% year over year to 3,021 transactions.

In the first half of the year, deal value increased 24.1% year over year to $309.82 billion, while the number of transactions shrank to 6,066.

Private equity and venture capital firms globally held a record $2.62 trillion of total uncommitted capital as of July 10, according to Market Intelligence and Preqin data.

Meanwhile, the total transaction value in June climbed 15.6% to $41.24 billion, from $35.68 billion a year earlier. Private equity entries in the US and Canada were up 28.4% to $17.47 billion, while deal value in Europe rose to $11.74 billion. In Asia-Pacific, the deal value fell to $11.35 billion from $12.83 billion.

Globally, the number of deals in June dropped 14.5% on an annual basis to 975 from 1,140 transactions.

The technology, media, and telecom sectors had the most deal activity with 371 private equity-backed transactions. Within the sector, application software recorded the highest number of transactions at 159, followed by systems software with 45 deals and IT consulting and other services with 32 deals.

S&P quoted Christian Westra, p......................

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